MicroStrategy retains place in key index despite delisting threats

Core Insights - Strategy, formerly known as MicroStrategy, has successfully retained its position in the Nasdaq 100 index, which tracks the largest non-financial companies in the U.S. by market capitalization [1][2] Company Overview - Strategy is the world's largest corporate holder of Bitcoin, with a treasury of 671,268 coins valued at approximately $60 billion [3] - The company transitioned from a software firm founded in 1989 to a Bitcoin-focused entity in 2020, driven by founder Michael Saylor's interest in digital assets during the COVID-19 pandemic [3] Market Context - The Nasdaq index has undergone changes, adding and removing six companies, with the adjustments set to take effect before the market opens on December 22 [2] - Strategy's retention in the Nasdaq 100 is significant given the recent delisting risks it has faced from major stock indices [2][5] Financial Performance - The company's Bitcoin acquisition strategy has faced scrutiny due to the recent downturn in the crypto market, where Bitcoin's price dropped from a peak of $126,000 to $90,000 [4] Regulatory Environment - The MSCI USA Index, which tracks large-cap and mid-cap U.S. companies, is considering excluding companies with over 50% of their assets in digital assets, which poses a potential risk for Strategy [7] - Ongoing discussions between Strategy and MSCI could determine the company's future in the index [7]